Thursday, 5 January 2017

Government Offers £7bn Affordable Homes Fund To Housing Providers

Housing providers can apply for a share of a £7bn fund to increase the supply of affordable homes, the government has announced. Housing associations, local authorities and private developers in England are able to bid for funding to build thousands of shared ownership, rent-to-buy and affordable rented homes in what the CLG described as a “dramatic expansion” of its housing programme. However, the £7bn figure is compiled from previous announcements. It is made up of £4.7bn in grants announced in April 2016, £1.4bn that was announced in the November 2016 autumn statement, and about £1bn that was allocated under a previous affordable homes programme. Read more on the Guardian website.

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